Marinduque Vacation-An Alternative to Boracay, if Night Life is not required!

Planning to Retire Soon!

If you are planning to retire in the Philippines soon, I suggest you visit several excellent websites on pro's and cons of retiring in the Philippines. However if you want to retire in the provinces, where life is simple, standard of living cheaper, less traffic congestion and pollution, availability of fresh seafood and vegetables compared to the big cities, my island province is the place for you! If this is your first time in my site, welcome. Please do not forget to read the latest national and international news in the right side bar of this blog. Some of the photos and videos on this site, I do not own. However, I have no intention on the infringement of your copyrights. The photo above is the front yard of Chateau Du Mer-Our Retirement Home in Boac, Marinduque, Philippines

Friday, May 18, 2012

Will FaceBook Stocks be a Good Long Term Investment?

I am not a professional stock broker and my knowledge of the stock investment business is almost nil. But I believe it will not be a good investment long term. But short term and speculative investment, perhaps. The price started at $38 the other day. Today it increased to about 41 dollars, an increased of $3 just for one day. So, if you were able to purchase 1000 stock shares yesterday, you earned 3,000 dollars profit just for one day. Fantastic!
The reason why I feel FB stocks will not be a good long term investment is because FB is just a social media site and not a diversified company. FB is just a fad and in the long term this fad will no longer be a fad especially if it start to charge it members a fee to join or used the site. I have a feeling that in the near future using FB will no longer be free. If this happens, people will lost interest. Allow me to cite some of the comments about FB in today's news.
3:02 p.m. AN HOUR TO GO :Facebook stock is trading at $39.02, up a little more than a buck. Volume just passed 450 million shares. It's another bleak day for the rest of the market, by the way. The Dow Jones industrial average appears headed for its 12th loss in the past 13 trading days. The Nasdaq composite, representing Facebook's stock exchange, is down 1 percent.
2:54 p.m. BUT SERIOUSLY, FOLKS: Twitter users are joking about the Facebook IPO. From Conan O'Brien: "Today, Facebook went public, just as MySpace's last user went private." And from the Twitter feed of the website Someecards: "My favorite Facebook public offerings are still your beach photos."
_ Peter Svensson, AP Technology Writer
2:29 p.m. WE ARE THE ONE-QUARTER PERCENT: Conversations about the Facebook IPO accounted for 0.25 percent of all online discussion during the first part of the workday, according to NM Incite, a company that tracks social media traffic. That may sound small, but it's an increase of 5,000 percent compared with the buzz about the Facebook IPO a month ago. It is also four times greater than the chatter for the LinkedIn IPO and 10 times greater than the Groupon IPO.
_ Scott Mayerowitz, AP Business Writer
2:18 p.m. POP CULTURE: Francis Gaskins, president of IPOdesktop, a market research company, said that it wasn't a bad thing that Facebook didn't get a "pop" on its first day, similar to what happened during the 1990s dot-com frenzy. He said that most tech companies going public want a big rise in their debut to show they're "strong, dynamic companies standing out in the crowd" but that Facebook already has that image, and so may not care.
Gaskins said that the banks taking Facebook public have learned from the IPOs of social media companies in the past year and are better able to gauge demand and supply for a new stock. He said a rise of 5 percent to 8 percent in this "tough market" is a success. Facebook stock is up 5.5 percent as volume approaches 400 million shares.
_ Bernard Condon, AP Business Writer
2:13 p.m. ZUCK ON WHAT TODAY MEANS: CEO Mark Zuckerberg, speaking before he symbolically rang the opening bell for the Nasdaq from Menlo Park, Calif.: "Right now this all seems like a big deal. Going public is an important milestone in our history. But here's the thing: Our mission isn't to be a public company. Our mission is to make the world more open and connected. In the past eight years, all of you out there have built the largest community in the history of the world. You've done amazing things that we never would have dreamed of, and I can't wait to see what you guys all do going forward."
2:05 p.m. VITAL SIGNS: With two hours to go in the trading day, Facebook is at $40.50, or $2.50 higher than its offering price. Volume has just passed 380 million shares. By comparison, Bank of America, frequently the most active stock in the Standard & Poor's 500 index, has traded only 155 million shares today. The next most active stock in the S&P, JPMorgan Chase, is at 59 million.
1:47 p.m. UPDATE ON SOCIAL MEDIA STOCKS: Facebook stock is trading at about $41.25, a healthy gain of more than $3, but the gain is not translating to other social media companies, especially those with ties to Facebook.
LinkedIn is down 3.3 percent, Groupon is down 6 percent, and Zynga, which is trading again, is down more than 8 percent.
Bree Fowler, AP Business Writer
1:16 p.m. EXPERIENCING THE FACEBOOK IPO ON FACEBOOK: Facebook's IPO has Wall Street abuzz. But what about Facebook's 900 million users? Some were debating whether they should get in on the buying frenzy. Others were guessing the closing price. Several were lamenting that they hadn't thought to invent the social media site themselves. A few treated even the company like a person, congratulating it on the public offering as they might a friend on the birth of a child. "Hey Facebook! Have a good first day on the stock market," a swimming pool maintenance and repairman from Petaluma, Calif., wrote from a mobile device. Within two hours, eight other Facebook users had "liked" the post. Not all Facebook users were obsessed with the company's entrance to the stock market. The went along with their everyday lives, posting photos of drunken debauchery that they might one day regret, weighting in on the presidential election, celebrating Haitian flag day or just welcoming the start of the weekend.
_ Scott Mayerowitz, AP Business Writer
1:05 p.m. NASDAQ ON THE DELAY: Seconds before noon, with demand for Facebook stock overwhelming, Nasdaq issued a message on one of its websites saying that it was "investigating an issue in delivering trade execution messages" from the Facebook IPO. Nasdaq initially planned the first trades of Facebook stock for 11 a.m., then 11:05 a.m. The stock opened at about 11:30. Facebook is trading at about $41, or $3 higher than its offering price. Volume is approaching 320 million shares traded.
_ Tali Arbel, AP Business Writer
A FUND MANAGER WEIGHS IN: Chris Brown, manager of the Pax World Balanced mutual fund, made a roughly $14 million investment when his $1.9 billion fund acquired private shares of Facebook on a secondary market before the IPO.
As shares traded publicly for around $40 at midday Friday, Brown said the rise from the stock's $38 opening price was unsurprising. "Going into the IPO, there has been a lot of skepticism from investors, in particular institutional investors, questioning anything from whether the price of the stock is fair, to whether Facebook can successfully monetize and sell ads," he said.
"We're long-term investors. It's nice to have the stock up for one day, but it's only one day. It's hard to extrapolate much as to the future of the company."
In coming days, Brown expects plenty of ups and downs for the stock, as investors assess a company whose prospects are hard to pin down because of its evolving business model. "You're going to see obviously an extreme amount of volatility over the next week as people evaluate the stock," Brown said.
_ Mark Jewell, AP Personal Finance Writer
So, my dear readers, this is just my personal opinion. Buying stocks is just like gambling. Good luck to you. I hope you the best in your investment plans. As for me, I will wait until the buying frenzy is over. Perhaps, I will buy a small share as a short term investment so I can say I owned a piece of FB.

Chateau Du Mer Beach Resort and Conference Center

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ABOUT ME

I am a retired Filipino-American who loves writing, gardening and photography. My wife ( of 58 years) and I enjoy our snowbird lifestyle between US and the Philippines.

We have a small but very private beach resort (above video) in the beautiful island of Marinduque, Philippines. I have several blog sites (ten), a personal blog, blogs about retiring or visiting the Philippines and about our beach resort-CHATEAU DU MER.

Fruit Trees in the Gardens of Chateau Du Mer

The Mango Tree-I have three varieties in my Garden-The Indian, Guimaras and Carabao Mangoes
My caretaker/gardener informed me last month that due to the El Nino drought in Marinduque, two of my Durian trees died in spite of his vigilant watering. One of the tree was attacked by insects that looks like a big fly but yellowish in color that sucks the sap of the seedling. The roots of the other tree was attacked by ants residing in the soil. However, my other fruit trees, the rambutans( 2), the lanzones(2) and the jack fruits ( 2) trees are doing well. The above eight fruit trees were given to me by Retired General Recaredo Sarmiento of Boac and Lucena., about three years ago. General Sarmiento is the “atid” of my wife. “Atid” is the colloquial term for brother. Evidently, Macrine's father, the late Bernardo Jambalos was the Godfather of General Sarmiento during his baptism and comfirmation.
Gen Sarmiento's hobby is orchard planting, reforestation and farming.
The other fruit trees in my garden are guayabanos, cashew, avocados, starapples, duhats, ates, guavas, mangoes( 3 varieties) and papayas as well as several varieties of bananas . Of the above fruit trees, my favorite is the guayabanos, also known as soursop tree known for its anti-tumor and anti-cancer properties . The following are photos of the fruit trees. The Durian photo is from the web. Note that it almost look like a jack fruit tree, except that the leaves are bigger and shiny. My desire is to have a passion fruit tree in the near future. You are welcome to visit my orchard and flower gardens any time, if perchance you are in the vicinity of The Chateau Du Mer Beach Resort and Conference Center.
The Rambutan Tree and Fruits
The Lanzone Tree and Fruits
The Jack Fruit Tree
The Durian Fruit Tree

Disclaimer: Most of the photos and videos included in this blog are not owned by me unless stated. If you are the owner of the photo/video and you would like to be credited, please let me know and I will pay proper attribution after careful verification of your identity and of your 'claimed' image/s. The photos/videos used in this blog are results of myGoogle and other Internet searches. Thank you and if you enjoy this blog, help support it by clicking on the ads.

Marinduque Mainland from Tres Reyes Island

View of Mainland Marinduque from Tres Reyes Island-Click photo to link to Marinduque Awaits You